National Bank of Canada FI lessened its stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) by 79.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,792 shares of the information services provider’s stock after selling 716,488 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Baidu worth $20,075,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC grew its position in shares of Baidu by 24.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 2,203 shares of the information services provider’s stock worth $260,000 after buying an additional 433 shares during the last quarter. Raymond James & Associates lifted its stake in Baidu by 49.3% in the 4th quarter. Raymond James & Associates now owns 8,950 shares of the information services provider’s stock valued at $1,066,000 after buying an additional 2,954 shares in the last quarter. Bank Hapoalim BM acquired a new position in Baidu during the fourth quarter worth about $1,522,000. Asset Management One Co. Ltd. increased its position in Baidu by 33.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,043 shares of the information services provider’s stock worth $123,000 after purchasing an additional 264 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Baidu during the 4th quarter worth $12,225,000.
Baidu Trading Up 0.5 %
BIDU stock traded up $0.44 during trading on Thursday, hitting $89.19. The company had a trading volume of 1,202,087 shares, compared to its average volume of 3,542,346. The stock has a market cap of $31.27 billion, a price-to-earnings ratio of 11.88 and a beta of 0.49. Baidu, Inc. has a 12 month low of $85.08 and a 12 month high of $156.98. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $94.61 and a 200-day moving average price of $101.56.
Analyst Ratings Changes
Get Our Latest Stock Report on Baidu
Baidu Company Profile
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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